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Wall Street stopped bears at the beginning of the session, US100 agains above 15,100 pts
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Nvidia (NVDA.US) recovers some losses - market awaits Cisco (CSCO.US) Walmart (WMT.US) and Target (TGT.US) earnings this week
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AMC Entertainment (AMC.US) shares tumble 36% after the movie theater operator won court approval for a
revised stock conversion plan -
Bulls are coming bak to Immersion (IMMR.US) shares after strong Q2 results and huge repurchase shares
American dollar surged today with higher yields (bearish sentiment on gold) but stock market surprised bears today. Investors are coming back to ''BigTech' with strong, 3,5% Nvidia rebound. Weaker sentiments in Asian and European sessions didn't stop Wall Street bulls at the beginning of today session and investors are waiting for key Q2 results from WalMart and Cisco, this week.
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Open real account TRY DEMO Download mobile app Download mobile appUS companies categorised by sector and industry. Size indicates market capitalisation. Big Oil companies have today weaker session, Nvidia and technology companies recover some losses. Source: xStation5
The US100 index is trader nearly 0.4% higher at the start of today's session. The bullish trend was questioned by bears but the support at 15,000 level may be stronger than expected. Source: xStation 5
Company news:
Immersion Corp (IMMR.US) shares of company from niche haptic technology sector ar up more than 7% after the company reported higher-than-expected net income for the second quarter yesterday. Non GAAP net profit was 7 million USD and 0,21 USD per share vs 0,03 USD loss per share from the same period in Q2 2022. Company for now has no debt and lawsuits againt Meta Platforms, Valve and Xiaomi. During Q2 Immersion repurchased 413,696 shares at average price 6,88 USD.
Source: xStation 5
News
- BioXcel Therapeutics (BTAI.US) tumbles more than 30% after the company said it is reducing its workforce to 80 employees from 190 before.
- Keysight Technologies (KEYS.US) shares are down becuas BofA downgraded shares to underperform from neutral citing slowe earnings and 5G costss
- Manchester United (MANU.US) shares rising amid ongoing speculation over a possible deal for the Premier League team.
- Nikola (NKLA.US) declines 15% after the electric-vehicle maker said it’s recalling 209 Class 8 Tre batteryelectric vehicles following the results of battery investigations.
- Tesla (TSLA.US) fell 2.7% after the electric vehicle maker rolled out a new round of price cuts in China, stoking worries that the move could restart a negative for margins price war that had showed signs of abating.
